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The Global Centrifugal Pumps Market is expected to grow by $ 9.44 bn during 2021-2025, progressing at a CAGR of almost 5% during the forecast period

·3-min read

Global Centrifugal Pumps Market 2021-2025 The analyst has been monitoring the centrifugal pumps market and it is poised to grow by $ 9. 44 bn during 2021-2025, progressing at a CAGR of almost 5% during the forecast period.

New York, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Centrifugal Pumps Market 2021-2025" - https://www.reportlinker.com/p03664197/?utm_source=GNW
Our report on centrifugal pumps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the product developments and increase in use of centrifugal pumps among SMEs and growing importance for increasing efficiency of machinery and reducing operational costs. In addition, product developments and increase in use of centrifugal pumps among SMEs is anticipated to boost the growth of the market as well.
The centrifugal pumps market analysis includes product segment, end-user segment, and geographic landscape.

The centrifugal pumps market is segmented as below:
By Product
• Axial
• Mixed
• Radial

By End-user
• Water and wastewater
• Oil and gas
• Chemical
• Power generation
• Others

By Geography
• APAC
• Europe
• North America
• South America
• MEA

This study identifies the demand for centrifugal pumps from water and wastewater treatment plants as one of the prime reasons driving the centrifugal pumps market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on centrifugal pumps market covers the following areas:
• Centrifugal pumps market sizing
• Centrifugal pumps market forecast
• Centrifugal pumps market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading centrifugal pumps market vendors that include Atlas Copco AB, Dandong Colossus & Co., Ebara Corp., Flowserve Corp., ITT Inc., KSB SE and Co. KGaA, Pentair Plc, Siemens AG, Smiths Group Plc, and Sulzer Ltd. Also, the centrifugal pumps market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p03664197/?utm_source=GNW

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